The rupee weakened to its lowest in six months as concerns over weak economic growth and uncertainty over the government's implementation of reform measures hit foreign investor sentiment. The rupee was at 65.3275 to the dollar after falling to 65.3550, its lowest since March 24, on corporate dollar purchases and dollar outflows from equity markets, said dealers. The Indian currency had ended at 65.12 on Monday. The benchmark BSE index fell 0.5 percent, while the broader NSE index was 0.4 percent lower. "There is panic among foreign investors on fiscal stimulus and ...
Rupee hits 6-month low as weak economic growth worries investors
The benchmark BSE index fell 0.5 percent, while the broader NSE index was 0.4 percent lower